Athletes and the Money They Make

Athletes and the Money They Make
Wouldn’t you like to make over $100 million a year by simply playing a game? Well you can if you are a professional athlete playing at the NBA (National Basketball Association), MLB (Major League Baseball) or any other league. We all know that these professional athletes make a lot of money and there has always been a debate on this topic. People often question why professional athletes are earning so much but they do not often consider why these professional athletes truly deserve the money they earn.
Professional athletes work a rigorous routine. Most people think these athletes only work a particular season of course this is not true, training and conditioning is year round. Athletes must spend their time staying in shape and they have to train during offseason. This means that athletes do not have much time for themselves or their families. This conflict with what most people believe about athletes and how they go out to parties and spend all their money. When in a team of professional sports the team would not wait for an athlete to get back in shape. So if a player does not stay in shape he or she is most likely going to lose their job. It is important for athletes to stay in fit so they can keep their job and still receive their paycheck. Athletes have to risk an injury every time they go out on the field to play. Football leads all other sports when it comes to injuries, the most common injury are traumatic injuries such as a concussion. According to a survey on an article by Adam Hadhazy, a freelance writer, out of 2,000 retired football players they surveyed “almost 61 percent in the sample indicated that they had [suffered] a concussion in their career.” There are athletes who have many health problems once their career has ended. Tony Dorsett, a former NFL running back for the Dallas Cowboys and Denver Broncos, had suffered multiple concussions thought out his career. In November 2013 he was diagnosed with chronic traumatic encephalopathy (CTE), a brain disease found in many football players and now suffers from memory loss, depression, and troubles with controlling his emotions. According to PBS Frontline, Dorsett, along with other former football players who had been diagnosed with CTE, had filed a law suit against the NFL that settled for $765 million. Athletes struggle through their injuries and are not able to play so they no longer have the money to pay for surgeries, join replacements but for those athletes that do save their millions of dollars from their career as professional athletes this is not a problem.
Of course, many will probably disagree with the statement that the professional athletes deserve their salaries, but not all professional athletes are making millions of dollars. Athletes that play high profile sports which include: football, baseball, and basketball, get paid the most. The amount an athlete earns depends on the league and sport they are playing in. According to statisticbrain.com the average salary for a basketball player in the NBA is $5.2 million. For a baseball player in MLB the average salary is $2.5 million while the average salary for a football player in the NFL (National Football League) is $1.75 million. For non-high profile sports like women’s tennis the average salary is $0.345 million and for men’s tennis the average is $.260 million. These professional tennis players’ often have to pay off expenses with their income that they earn in a tournament. They have to pay for travel cost, coaches, and interns. Michael Kimmelman noted that on the contrast of professional baseball players: “Whose contracts basically guarantee their salaries, pros on the tennis circuit must earn the money back by winning” (518-519). There are professional athletes out there that work as hard like every other athlete but still get paid far less. There are some who would say that it is not fair that the professional athletes earn so much money. since professional athletes are just entertainers.
In conclusion,

Similar Documents

...famous? If you were a professional athlete, you could be very rich and very famous. Right now, Tiger Woods was the highest paid athlete in 2011 totaling over $75 million. If you are good enough, you could make millions a year for playing a sport you are good at and love doing.
I believe that athletes are paid what they deserve and that it is no different than working for a large, money making company. I believe that they deserve to get paid this amount of money because they devote their lives to training and improving at their job.
Athletes who are a valuable asset to their team, get paid more then rookies just coming into the league. If you are a rookie, then you would probably make about $500,000 a year. Once you gain experience, then your pay goes up. It is the same as in a business, if you do well, then you get a raise. If you do badly, then you get fired, or in this case, released.
In Major League Baseball, the highest paid athlete is Alex Rodriguez of the New York Yankees, who in 2007 signed a 10-year, $275 million contract, making $27.5 million per year. However, Alex Rodriguez is far behind the whopping 7.8 billion a year made by Bill Gates.
Athletes get paid a lot of money because the professional sports industry is a huge business with millions of fans going to games each year. Players get most of their money from endorsements and from the fans buying merchandise and going to games. Professional athletes only make about 1% of an organizations......

...Do professional athletes make too much money?
Neumann University
Daniel Kilpatrick
Every year player's salaries reach new highs. Athletes are treated as celebrities in American society and idolized by young athletes. The kids who see what their favorite player is doing through the media also are being influenced by them. The example that professional athletes set is very important because they looked up to. The example that many athletes set is unfortunately a negative one. Most people think that athletes make too much money but there are those that believe they are paid fairly. The enormous amount of money that professional athletes receive is having a negative effect on kids today. Athletes should make less money to play a game because the huge contracts that they receive give them power. They are concerned with making money and not the example that they are creating for today’s youth.
Professional players feel that they earn every dollar of the millions they make every year to play a game. Those who think that players are paid fairly in professional sports argue that since athletes make so much money for their teams they should compensated accordingly. According to Forbes magazine "The average NFL team is worth $957 million" (Forbes, 2012). Teams generate large profits and as a result can afford to pay athletes large salaries.
The past NFL season, players and team owners tried to come to an agreement before the season. According to......

...Professional Athletes Overpaid?
Have you ever considered how much money does an average person need to be able to have food three times a day, have a house, be able to send their children to school to get an education and even have a car? Realistically, all of this plus a little more can be done with an income of between $45,000 and $55,000 easily. For some reason, it was decided by us, people who labor is harder than the most, like janitors, factory workers, and even factory workers, should be paid less than someone that sits on a desk all day or someone that gets paid to play a game for living. Athletes today are the highest paid people in the world, with the exclusion of Donald Trump and Bill Gates. If you think about it, it is absurd to believe that someone is really worth millions of dollars and all they do is play a sport. Millions of people would do this for free if they had the chance. For that reason, I believe professional athletes are overpaid for many reasons.
In USA Today Magazine, under section Your Life it says,
“Although many professional athletes apparently still feel underpaid, just two percent of the public agrees, according to a survey conducted by Roper Starch Worldwide. In fact, the vast majority of Americans think athletes are overpaid.”(USA Today)
This is ridiculous to hear for these athletes already making millions of dollars which is way more than they deserve. Also, in this article it states that professional athletes get paid what...

...What would happen if one day you found out that from that point on, every minute you spent working would pay you money for the rest of your life?
Would you work a hour and live with a few dollars per day for the rest of your life?
Or would you spend a few hours a day working till you made $100 per day and then stop?
Better yet , might you spend several hours a day for a month working make $500 per day for the rest of your life?
--Think About It--
Normal Jobs Pay For A hour of work, Passive Income Sources pay for a lifetime from a hour of work.
This job however isn't normal , for every hour you work, you make money and get paid for the rest of your life!
This is the secret of "Residual Income" that the world's wealthiest people talk about.
Wouldn't it be nice not to have to worry about where the next paycheck is coming from?
Instead, you would have the satisfaction of knowing the exact date and time your check will be in the mail, all you have to do is pick it up.
No more living paycheck-to-paycheck
No more back breaking work for someone else
Setting your own hours of business
Working from the comfort of your own home
Job SECURITY - Your job can't be shipped overseas
I know what you're thinking "This Is Too Good To Be True"
But look at a recent "ScreenShot" Of only 2 weeks In January
I have been using the Google Money System since October 2008 , and am now up to an astonishing $10,000 PER WEEK! The best part is I only......

...Professional athletes have a profound role in society. They are seen as modern day heroes. These superstars are idolized and enjoyed by many aspiring young athletes. The sole purpose of a professional athlete in society is for entertainment. The business of sport is that of entertainment. A heart surgeon also has a phenomenal role in society, but this role is often over seen. Surgeons and doctors are heroes, and perform real life miracles everyday. The surgeon has the ability to save lives. In a society that is often obsessed with being entertained, the qualities and sacrifices made by doctors and surgeons are often ignored. Significant evidence will be provided to prove that duties and workmanship of a heart surgeon are more strenuous than that of a professional athlete. The evidence provided will prove that doctors and surgeons should be paid more and have a higher "hero" status that that of a professional athlete. Professional athletes are involved in an economically profitable business. They are appreciated by millions of fans. Many of these athletes have made names for themselves in households around the country. The professional athlete has a lifestyle that many people can envy. The average major league baseball salary is $3.31 million. It is amazing that a professional baseball player can make millions of dollars for playing a game that he has enjoyed since his childhood. No formal education is needed to become a professional baseball player. Education should be......

...How Do Social Media Companies Like Facebook and Twitter Make Money
http://www.marketoracle.co.uk/Article42647.html
Oct 11, 2013 - 12:44 PM GMT
By: Money_Morning
Tara Clarke writes: Over the last month we've seen Facebook's (Nasdaq: FB) dramatic share price rebound, Twitter's stock IPO announcement, and LinkedIn (NYSE: LNKD) stock on fire, but have you ever wondered... how do social media companies make money?
To find out, we turned to Money Morning E-commerce Director Bret Holmes. Part of Holmes' job is to utilize web advertising via social media platforms to best market Money Morning. As a result, he's on top of what's going on inside of today's social media giants.
Holmes said the key to unlocking value for social media companies is successful advertising models.
"Social media companies are legitimate advertising websites, no different than, say, Google or Yahoo. The same way Google made its money is the same way Twitter and Facebook will make their money," Holmes explained.
Web advertising is a growing market. In a 2013 Nielsen report, data showed that 89% of advertisers use free social media advertising, and 75% use paid social media advertising. The report also highlighted that 64% of advertisers expect to increase their paid social media advertising budgets over the course of 2013.
That means a lot of opportunity for social media companies to make major money.
The trick for social media companies looking to profit as ad platforms is to find the best way......

...and class. Today we will be looking at Athletes as role models and how they can be a very bad influence on the people that look up to them especially children. I’m not saying that all athletes are bad role models but some are. We shall also see what athletes can do in the future so that when children look up to them they ARE a good role model
Athletes have been looked up to as role models for as long as they have existed. There is just something attractive about the thought of being a great athlete. But, are athletes the kind of people that other people should be looking up to for guidance or direction. A survey was taken in 1995 by sports illustrated the majority of people under the age of 18 said that a professional athlete and only 4% of people under the age of 18 said their parents were their role models. Because today’s media always puts athletes in the spotlight of the public’s eye.
Every athlete is monitored on and off the field. Some of them speak a positive message through their fame by demonstrating constructive ideas such as teamwork and commitment while they are on the field. And off the floor they set a good example by going to visit schools, hospitals and set up foundations or organisations for charity or things along that line. People like Michael Jordan are a great example. His dedication on and off the court was to be admired and donated to charities and set up organisation to helping people.
However, other athletes are not as considerate to the fact......

...researched and discovers that it rarely folds up…even those that does local washer men are taking care of their families with the business. He plans to resign from salary job in the next two years. Incredible! Today’s high potentials in Laundry business In this twenty first century, due to the high demand on our pockets, majority of couples in Nigeria now engage themselves in different jobs. The time for full time house wife is gradually fazing off. Due to this high level of struggle to make ends
http://www.onwealthclub.com2
meet in various families, there is hardly enough time for couples to do house chores let alone laundry. For this reason, laundry business is thriving today like never before. Profit potential in Laundry business According to a laundry owner we interviewed, the weekly profit after expenses generated from mini standard laundry business is about N50,000 – N60,000. By the time you are able to get all the necessary equipments for a standard laundry (which will run into millions), you make outrageous profit. Nevertheless, start small and build your business to the top. That was how ninety five percent of the big businesses we have today started. Start up requirements for a mini standard laundry the capital to start up a minimum standard laundry business could cost about N500,000 (five hundred thousand Naira). With this capital, you may not need to buy brand new laundry equipments, rather fairly used that are in very good condition. All the equipment can be......

...Professional athletes not only receive millions of dollars in contracts and bonuses to play their sports, but the most popular ones make even more money from endorsement deals that have nothing to do with the sports they participate in. Pro athletes certainly aren’t better at acting than the typical commercial actor who would get paid much less to be in the same commercial. Professional athletes not only receive millions of dollars in contracts and bonuses to play their sports, but the most popular ones make even more money from endorsement deals that have nothing to do with the sports they participate in. Pro athletes certainly aren’t better at acting than the typical commercial actor who would get paid much less to be in the same commercial. Professional athletes not only receive millions of dollars in contracts and bonuses to play their sports, but the most popular ones make even more money from endorsement deals that have nothing to do with the sports they participate in. Pro athletes certainly aren’t better at acting than the typical commercial actor who would get paid much less to be in the same commercial. Professional athletes not only receive millions of dollars in contracts and bonuses to play their sports, but the most popular ones make even more money from endorsement deals that have nothing to do with the sports they participate in. Pro athletes certainly aren’t better at acting than the typical commercial actor who would get paid much less to be in the same......

...A Review of " Did the Players Give Up Money to Make the NBA Better? Exploring the 2011 Collective Bargaining Agreement in the National Basketball Association"
Xiao Chen
Johnson & Wales University
A Review of " Did the Players Give Up Money to Make the NBA Better? Exploring the 2011 Collective Bargaining Agreement in the National Basketball Association"
It's a long but clear title; and I use two whole lines to write it. I'm a basketball fan. When I planned to find a prime resource to read and write about it, I'm aware of some researches or business events involving my interest and business, so I chose this article. After reading the whole essay, I felt perplexed because it wasn't a general primary research that I could recognize at once and the author used some data from sports association. Finally, I thought it's available deliberately. I have two sample reasons: one is that the author collects the valuable data; the other is that the author analyze and flow the idea to the conclusion.
Statement of the Problem
What is the implied research question in this study? The answer is obvious. Just like the title, this research is to talk about effects of the 2011 Collective Bargaining Agreement in the National Basketball Association. As we knows, because of the new bargaining agreement, players will earn less money that before, and make contribution to the league, but people doesn't it affect or not. This research gives the author's analysis.
Review of Related......

...Peter Denney
Professor Paterson
English 112
29 Oct. 2013
Should College Athletes Make the Big Bucks?
At what point does an athlete lose the true meaning behind playing a sport? When do they decide that making a hefty paycheck outweighs their actual desire to compete in the game they have grown to love? When reaching a certain skill level like that of college, athletes crave a greater reward than just success. I’m currently a collegiate athlete and I’ve often wondered why athletes like me don’t get paid. Collegiate athletes give all of their time in school and on sports and suggest that they deserve something in return other than just scholarship funds. College is very expensive and without some type of financial aid, most students would drown in debt acquired from student loans. Scholarships available to go to certain universities aid student-athletes during each semester, but do not cover most external costs. Players are presented with a choice when participating in a college sport. The decision to attend a school of preference and partake in a sport, all comes down to the individual. Paying college athletes is a difficulty because paying male athletes and female athletes equally would be a huge challenge. Though it may be a choice to play sports in college, I want to know the meaning behind athletes not getting paid.
Being a college athlete can be directly translated as an occupation. When a player wakes up in the morning, they either have 8 A.M. classes or a......

...Byron Wien on ‘Only Way to Make Serious Money’
The Wall Street veteran interviews a wise colleague who argues that tech and biotech is where the action is.
Byron Wien
Updated July 1, 2015 12:24 p.m. ET
For the past fifteen years I have written annually about a person I have come to call “The Smartest Man in Europe.” For new readers, he is a finance person in his 80’s who has built his reputation by identifying important trend changes early and putting serious money behind his conclusions. Descended from a mercantile family that operated canteens selling food and weather protection along the Silk Route, he was educated in Europe, trained in New York and returned home to take advantage of the wealth-creating opportunities resulting from the post-war recovery. Listening to conversations around the dinner table, he was encouraged to focus on the major events early, and his success is a product of this skill. That success is reflected in his homes and other comforts he enjoys. His art collection spans centuries, from Canaletto to Koons, but what keeps him vibrant is ideas.
More From Byron Wien
Byron Wien: The Stock Market’s Next Phase
Byron Wien on Population Growth and Stocks
Byron Wien’s Views on Oil, Global Stock Markets
Notable among the past events he was early to observe are the rise and fall of Japan, the opportunities in China after the death of Mao, the end of the command economy in Russia and the unrealistic valuations of technology at the end of the last......

...Athletes Salaries: Are They Justified?
1. Title of Speech: “Athletes Salaries’. Are They Justified?”
2. Speaker Role/Audience: Student/An Athletic Board
3. Specific Purpose of Speech: To convince my audience that athletes’ salaries are not justified.
---------------------------------------------------------------------------------------------------------------------
I. Brief Introduction and History of Topic:
$90 million, $80 million. That adds up to a lot of money. Imagine how many mouths you could feed or how many kids could go to college with that money. Unfortunately, $90 million is the contract Nike gave Lebron James before he even touched an NBA basketball. $80 million was his contract extension in 2006 (USA Today).
During the Great Depression of the 1930s, the biggest news in pro sports was Babe Ruth's contract, which paid him $75,000 per year, more than the President of the United States. (Show me the money!) According to the Seattle Times, when confronted about making more than the president, Ruth famously replied “Why Not? I had a better year than him.” Now even the lowest paid pro athletes earn almost as much as the President, who makes $400,000 a year. Later, in 1964, the Saint Louis Cardinals and the New York Jets got in a bidding war over Alabama quarterback, Joe Namath. The Jets came out on top, showing Namath a pretty decent deal. According to Harvey Frommer, sports author, Namath was “signed to a four-year contract at $25,000 per season,......

...People complain how LeBron James is paid $6 a second on or off the court just to play a game. These high amounts have raised the question do professional athletes deserve their pay? The answer is no and simply because they don’t do enough for their money compared to other jobs, millions of dollars is an outrageous amount of money for anyone’s salary.
Professional athletes do nothing but entertain, and yet they get paid more than those who save lives, teach the youth, and many other occupations that have a greater impact on the world as a whole. To provide you with an example, picture a teacher trying to correct some essays, while watching an NBA game, when the game finishes, the teacher realizes that just one of those players have made more money in that game, than the money she makes in two years. Although teachers have a greater impact on the world society as a whole doesn’t give teachers the recognition or pay grade they deserve.
On the other hand, athletes are not directly replaceable. There is only one best, active basketball player in the world, and he is LeBron James. We pay to see the best, and he is it. We aren’t satisfied by an inferior team. Moreover, sports as a whole is well-developed to ensure that the best athletes do make it to top billing. I’m comfortable saying LeBron is the best because of his raw performance and stats. There are many analysts and scouts both in the media and in sports organizations who work exhaustively to find the best talent...

...Nick Coleman
Professor Todd Aldridge
ENGL 1110
29 November 2015
Revision: Essay 2 - Paying of College Athletes
Several years ago, the National Collegiate Athletic Association, the NCAA, started out as a young business with a couple colleges under their helm, and today they have grown into an $11 billion industry tasked with the controversial decision of sharing their wealth with the college athletes that made them relevant. Should college athletes get paid is what it usually all boils down to. This burning question has been canvassed various times over the turn of the century with several underlying concerns for the athlete’s futures and also their safety. Opponents of paying college athletes contend that the scholarships said athletes received to their institutions of higher learning should be more than enough.
Once a university extends a scholarship to an athlete, that athlete becomes property of that university. With that being said, once on campus, they become “student athletes,” a term coined by the NCAA to justify their exploitation of the athletes that made the infamous organization relevant, and also full time workers as they spend on average an excess of more than forty hours a week dedicated to their respective sports. In a survey conducted internally by the NCAA, it was discovered that athletes competing in more than a half a dozen sports indicated that they too, are putting in the equivalent of full time worksheets, but don’t receive the benefits that......